Shareholders meeting

Date: 07/09/2026 BSE Limited National stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot. No C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400001 Bandra (East), Mumbai 400051 Scrip Code: 540757 Trading Symbol: SCPL Subject: Notice of 13th Annual General Meeting and Annual Report for the F.Y. 2025-26. Dear Sir, Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Notice convening 13th Annual General Meeting (‘AGM’) along with Annual Report of the Company for Financial Year 2025-26, being sent to the Members through electronic mode. The AGM of the Company will be held on Tuesday, 29th September, 2026 at 12:00 p.m. through Video Conferencing / Other Audio-Visual Means to transact the businesses as set forth in the Notice of AGM. The above is also uploaded on the company's website i.e. https://sheetalfoodworld.com/investor-relations/annual-reports/ Kindly take the same on records and acknowledge receipt of the same. Thanking you, Yours faithfully, On behalf of Board of Directors SHEETAL COOL PRODUCTS LIMITED BHUPATBHAI D. BHUVA MANAGING DIRECTOR DIN 06616061 Encl: Notice of AGM and Annual Report for F.Y. 2025-26 What s Inside 1. Corporate Information 01 2. Financial Highlights 02 3. Notice 04 4. Director's Report 15 5. Annexures to the Director's Report A. Management Discussion and Analysis Report 23 B. C o r porate Governance Report 29 C. Related Party Transactions in AOC-2 44 D. Report on Corporate Social Responsibility Activities 47 E. Secretarial Auditor's Report 51 F. Particulars of Employees 52 G. Conservation Of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo 53 6. Independent Auditor's Report 55 7. Balance Sheet 66 8. Statement of Profit and Loss 68 9. Cash Flow Statement 70 10. Notes on Accounts 72 Corporate Overview I Statutory Reports I Financial Statements Corporate Information BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL Mr. Bhupatbhai D Bhuva : (Managing Director) Mr. Dineshbhai D Bhuva : (Whole Time Director) Mr. Sanjaybhai D Bhuva : (Whole Time Director) Mr. Vijaybhai B Desai : (Independent Director) Mrs. Kiranben N Gajera : (Independent Director) Mr. Ajaykumar V Mandanka : (Independent Director) COMPANY SECRETARY & CHIEF FINANCIAL OFFICER Mr. Bharat P Trivedi : Company Secretary & Compliance Officer (upto 03rd January, 2026) Ms. Rajshri M Indoria : Company Secretary & Compliance Officer (from 05th January, 2026) Ms. Jinal Naria : Chief Financial Officer AUDITORS Statutory Auditors : H. B. Kalaria & Associates (FRN: 104571W) Cost Auditors : M/s. Tadhani & Co. (upto FY 2025-26) : M/s. Niketan Govindbhai Tadhani & Co. (for FY 2026-27) Secretarial Auditors : M/s. Chetan Patel & Associates (upto 03rd January, 2026) M/s. Pitroda Nayan & Co., (from 26th February, 2026) Internal Auditor : Mr. Divyesh Vallabhbhai Dobariya CORPORATE IDENTIFICATION NUMBER L15205GJ2013PLC077205 REGISTRARS & TRANSFER AGENTS REGISTERED OFFICE Kfin Technologies Private Limited Sheetal Cool Products Limited Karvy Selenium Tower- B, Plot 31-32, Gachibowli, Plot No. 75 to 81, G.I.D.C. Estate, Financial District, Nanakramguda, Hyderabad, Amreli, Gujarat - 365601 INDIA. Telangana – 500032 T.: 40 – 67162222, Contact No.: +91 7300051000 E.: einward.ris@karvy.com E.: cs@sheetalicecream.com W.: www.karisma.karvy.com W.: www.sheetalfoodworld.com Bankers : Axis Bank Sheetal Cool Products Limited I Annual Report-2025-26 01 Corporate Overview I Statutory Reports I Financial Statements Financial Highlights REVENUE FROM OPERATION (Rs. in Lakhs) FY 25-26 36,600.04 FY 24-25 32,130.58 FY 23-24 35,270.82 FY 22-23 34,026.42 FY 21-22 32,676.83 PAT (Rs. in Lakhs) EBITDA (Rs. in Lakhs) FY 25-26 1,911.83 FY 25-26 4,189.77 FY 24-25 1,656.88 FY 24-25 3,699.85 FY 23-24 2,084.08 FY 23-24 4,627.37 FY 22-23 2,045.42 FY 22-23 4,481.31 FY 21-22 1,833.55 FY 21-22 4,052.58 EARNING PER SHARE (₹ Per Share) NETWORTH (Rs. in Lakhs) FY 25-26 18.21 FY 25-26 15,691.40 FY 24-25 15.78 FY 24-25 13,111.29 FY 23-24 19.85 FY 23-24 11,453.37 FY 22-23 19.48 FY 22-23 9,368.78 FY 21-22 17.46 FY 21-22 7,322.39 Sheetal Cool Products Limited I Annual Report-2025-26 02 Corporate Overview I Statutory Reports I Financial Statements Financial Highlights (Amount in Lacs except EPS) March Ended Particulars 2022 2023 2024 2025 2026 Operating Income 32676.83 34026.42 35270.82 32130.58 36600.04 Other Income 317.03 172.07 279.45 76.58 71.44 Total Income 32993.86 34198.49 35550.27 32207.16 36671.48 EBITDA 4052.58 4481.31 4627.37 3699.85 4189.77 Interest 491.94 746.99 889.77 656.01 710.27 Profit Before Depreciation & Tax (PBDT) 3560.64 3734.32 3737.6 3043.84 3479.50 Less : Depreciation 1090.29 964.37 916.66 793.73 885.30 Profit Before Taxation (PBT) 2470.35 2769.95 2820.94 2250.11 2594.20 Less : Taxation (All Taxes) 636.80 724.53 736.86 593.23 682.36 Profit After Taxation (PAT) 1833.55 2045.42 2084.08 1656.88 1911.83 Net Worth 7322.39 9368.78 11453.37 13111.29 15691.40 Earning Per Share (Basic) (EPS) 17.46 19.48 19.85 15.78 18.21 Debt/ Equity Ratio 1.01 0.92 0.73 0.57 0.32 Equity 1050 1050 1050 1050 1050 EBITDA (%) 12.40% 13.17% 13.12% 11.52% 11.45% PAT% 5.61% 6.01% 5.91% 5.16% 5.22% Sheetal Cool Products Limited I Annual Report-2025-26 03 Corporate Overview I Statutory Reports I Financial Statements NOTICE NOTICE is hereby given that 13th Annual General Meeting of the Members of SHEETAL COOL PRODUCTS LIMITED (the "Company") will be held on Tuesday, September 29, 2026 at 12.00 PM, through Video Conferencing (VC) / Other Audio- Visual Means (OAVM), to transact the following businesses: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements including Balance Sheet, Statement of Profit and Loss and Cash Flow Statement for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and the Auditors thereon. 2. To consider re-appointment of Mr. Dineshbhai D Bhuva (DIN: 06616078), who retires by rotation and being eligible, offers himself for re- appointment. SPECIAL BUSINESS: 3. Ratification of Remuneration of Cost Auditor. To consider and if thought fit, to pass without modification(s), the following Resolution as an Ordinary Resolution: RESOLVED THAT pursuant to the provisions of Section 148 and all other applicable provisions of the Companies Act, 2013, Companies (Cost Records and Audit) Rules 2014 and the Companies (Audit and Auditors) Rules, 2014 (including statutory modifications or re-enactment thereof, for the time being in force), a remuneration of Rs.29,500 (Rupees Twenty Nine Thousand Five Hundred Only) Including Goods & Service Tax (GST) as applicable and reimbursement of actual travel and out of - pocket expenses, for the Financial Year ending on March 31, 2027, as fixed by the Audit Committee and approved by the Board of Directors of the company, to be paid to M/s. Niketan Govindbhai Tadhani & Co., Cost Accountants (Firm Registration Number 003635) for the conduct of the Cost Audit of the Company's Milk products be and is hereby ratified and confirmed. By Order of the Board of Directors For Sheetal Cool Products Limited Sd/- Bhupatbhai D. Bhuva Date: September 05, 2026 Chairman & Managing Director Place: Amreli [DIN: 06616061] Sheetal Cool Products Limited I Annual Report-2025-26 04 Corporate Overview I Statutory Reports I Financial Statements NOTES 1. The Ministry of Corporate Affairs (“MCA”), vide its General Circular No. 20/2020 dated May 05, 2020, read with the subsequent circulars issued from time-to-time, the latest one being General Circular No. 03/2025 dated September 22, 2025, (“MCA Circulars”), read with the applicable Securities of Exchange Board of India (“SEBI”) Circulars issued from time-to-time, allowing the Companies to conduct the Annual General Meeting (“AGM”) through Video Conferencing (“VC”) or Other Audio-Visual Means (“OAVM”). In compliance with the provisions of the Companies Act, 2013 (the “Act”) [Showing first 8,000 characters — download PDF for full document]